BFSA - Blog for Sino-American 中 美 网 >> http://sinoam.blogspot.com
Friday, 8/24/2007
| Dow : 13378.87 up 142.99
| S & P : 1479.37 up 16.87
| NASDAQ: 2576.69 up 34.99
| Bond (10Y): 4.61%, 101.03
MARKETS:
Rally on Wall Street
Major gauges jump as investors cheer upbeat economic reports; new home
sales, durable goods orders gain.
posted by John @ 8/24/2007 05:40:00 PM
0 comments
4:04 pm ET Aug 24, 2007
DJIA
13,378
+142.99
S&P
1,479
+16.87
NASDAQ
2,576
+34.99
10Yr
4.63%
+0.015
U.S. stock indexes close week with solid gains
NEW YORK
Stocks ended sharply higher Friday, with the major indexes scoring
weekly gains of more than 2%, after an unexpected rise in new home sales
jump-started thinking that the worst of the subprime mess could be over
and a recession avoided.
Blackstone says proposed law would triple tax bill: report
WASHINGTON
Private-equity giant Blackstone Group LP estimates that proposed
legislation now in the U.S. Senate would increase its tax liabilities by
$525 million, or three times what it pays currently, according to a
published report.
Economic Report: New-home sales rise 2.8% to 870,000 pace in July
WASHINGTON
Sales of new homes increased 2.8% in July to a seasonally adjusted
annual rate of 870,000 as the inventory of homes for sale dropped for a
fourth straight month, the Commerce Department estimated Friday.
posted by John @ 8/24/2007 05:18:00 PM
0 comments
Date: 24 AUG 2007 19:14:53 GMT
posted by John @ 8/24/2007 03:17:00 PM
0 comments
把伊戰與越戰相提并論 合理嗎？
posted by John @ 8/24/2007 02:19:00 PM
0 comments
11:45 am ET Aug 24, 2007
DJIA
13,258
+23.01
S&P
1,464
+1.96
NASDAQ
2,545
+4.25
10Yr
4.62%
+0.003
New home sales rise 2.8% to 870,000 pace in July
WASHINGTON
Sales of new home increased 2.8% in July to a seasonally adjusted annual
rate of 870,000 as the inventory of homes for sale dropped for a fourth
straight month, the Commerce Department estimated Friday.
Market Snapshot: U.S. stocks rise after housing data
NEW YORK
U.S. stocks rose Friday, following early hesitations at the open, with a
larger-than-expected increase in new home sales in July and a big jump
in durable-goods orders helped soothe recent anxiety about credit woes.
That was then, this is now for gold
SAN FRANCISCO
Investors can learn some lessons from gold's past, but don't expect them
to stick. The gold market isn't exactly the same now as it was then.
AnnTaylor profit drops 27%, plans to launch boomer store
NEW YORK
AnnTaylor Stores Corp. on Friday posted a nearly 27% decline in
second-quarter profit, but the women's apparel retailer said it was
launching a new store concept targeting the "modern boomer."
Bank of China shares dip in Hong Kong on subprime exposure
HONG KONG
Hong Kong-listed shares of Bank of China Ltd. shed more than 5% Friday
after officials disclosed the bank had almost $10 billion of exposure to
securities backed by U.S. subprime mortgages.
posted by John @ 8/24/2007 01:21:00 PM
0 comments
4:05 pm ET Aug 23, 2007
DJIA
13,235
-0.25
S&P
1,462
-1.57
NASDAQ
2,541
-11.10
10Yr
4.62%
-0.002
Countrywide shares rally on Bank of America's investment, upgrade
NEW YORK
Shares of Countrywide Financial Corp. finished slightly higher Thursday
after rising as much as 7% in early trading, as investors applauded Bank
of America Corp.'s move to invest $2 billion in the troubled mortgage
giant and as Countrywide shares got an upgrade.
Bond Report: Treasury yields end lower after Countrywide CEO drops 'r'
word
NEW YORK
U.S. Treasury prices on Thursday closed higher, with yields tracking the
stock market's downward trend, as credit worries returned amid renewed
debate over whether the Federal Reserve would cut interest rates ahead
of a meeting next month.
London Markets: FTSE 100 closes flat; Northern Rock's shares rally
LONDON
The FTSE 100 index couldn't sustain earlier gains Thursday, ending
virtually flat as investors took note of stocks trading lower on Wall
Street, but a move higher in shares of Northern Rock made the U.K.
home-loan provider a standout.
Top sales official at AMD steps down
SAN FRANCISCO
The top salesman for Advanced Micro Devices Inc. is headed for the exit
as the world's No. 2 microprocessor maker is set to release a
long-awaited product the company hopes will reduce growing losses and
revive its sales.
posted by John @ 8/23/2007 07:22:00 PM
0 comments
11:45 am ET Aug 23, 2007
DJIA
13,212
-23.82
S&P
1,459
-4.65
NASDAQ
2,538
-14.30
10Yr
4.65%
+0.029
Countrywide shares rally on Bank of America's investment, upgrade
NEW YORK
Shares of Countrywide Financial Corp. rose 7% in morning trading
Thursday, as investors applauded Bank of America Corp.'s move to invest
$2 billion in the troubled mortgage giant and as Countrywide shares got
an upgrade.
Bond Report: Treasurys down slightly as credit concerns ease
NEW YORK
Treasurys gave up some of their recent gains Thursday, as credit
concerns abated after Bank of America said it would make a $2 billion
investment in Countrywide, the distressed, and the biggest, mortgage
lender in the nation.
Market Snapshot: U.S. stocks fall as credit worries settle for now
NEW YORK
U.S. stocks fell Thursday, as traders locked in some gains, even as Bank
of America Corp.'s $2 billion vote of confidence in Countrywide
Financial Corp. eased worries about the survival of the country's
biggest mortgage lender.
London Markets: FTSE 100 trades higher; Northern Rock's shares rally
LONDON
Northern Rock shares continued to claw back some recently lost ground
Thursday, as London investors considered that its recent share-price
slump could make the U.K. home-loan provider a tempting takeover
target.
Top sales official at AMD steps down
SAN FRANCISCO
The top salesman for Advanced Micro Devices Inc. is headed for the exit
as the world's No. 2 microprocessor maker is set to release a
long-awaited product the company hopes will reduce growing losses and
revive its sales.
posted by John @ 8/23/2007 12:30:00 PM
0 comments
Thursday, August 23, 2007
U.S. banks and thrifts suffered the biggest increase in late loan
payments in 17 years as more homeowners fell behind on mortgages, the
Federal Deposit Insurance Corp. said.
Loans more than 90 days past due rose 10.6 percent to $66.9 billion in
the period ending June 30.
posted by John @ 8/23/2007 09:13:00 AM
0 comments
Wednesday, 8/22/2007
| Dow : 13236.13 up 145.27
| S & P : 1464.07 up 16.95
| NASDAQ: 2552.80 up 31.50
| Bond (10Y): 4.64%, 100.78
MARKETS:
Stocks pop on mergers, Fed bets
Major gauges rise on a wave of potential acquisitions and bets that
the central bank will cut rates next month; bond prices slip.
posted by John @ 8/22/2007 07:30:00 PM
0 comments
4:03 pm ET Aug 22, 2007
DJIA
13,236
+145.27
S&P
1,464
+16.95
NASDAQ
2,552
+31.50
10Yr
4.62%
+0.030
U.S. stocks rally to close higher on M&A talk
NEW YORK
U.S. stocks rallied to close higher Wednesday to cap four days of
Federal Reserve-fueled gains as four major banks tapped the Fed for
funds and talk of deal-making further eased liquidity concerns in the
credit markets.
U.S. banking giants borrow $2 bln from Fed's discount window
SAN FRANCISCO
U.S. banking giants Citigroup Inc., J.P. Morgan Chase, Bank of America
and Wachovia Corp. said on Wednesday that they borrowed $2 billion from
the Federal Reserve as part of a new program set up last week to calm
the creaking financial system.
Lehman shuts subprime-lending unit, eliminating 1,200 jobs
SAN FRANCISCO
Lehman Brothers said Wednesday that it's shutting its subprime-mortgage
unit BNC Mortgage LLC, becoming the latest company to stop offering home
loans to less-creditworthy borrowers.
Ameritrade merger talks seen as lifting Schwab's fortunes
SAN FRANCISCO
A merger between E-Trade and Ameritrade might not bring the discount
brokerage industry's 800-pound gorilla off the mergers and acquisitions
sideline.
Is VMware already too expensive?
SAN FRANCISCO
After only a week on the public market, VMware Inc. has already seen its
share price soar more than 150% -- giving the young software maker a
higher market cap than many of its more-seasoned peers.
posted by John @ 8/22/2007 06:26:00 PM
0 comments
DJIA
13,201
+110.96
S&P
1,459
+11.99
NASDAQ
2,546
+24.83
10Yr
4.64%
+0.047
U.S. stocks higher on deal speculation
NEW YORK
U.S. stocks rose sharply on Wednesday amid heightened expectations of an
interest rate cut by the Federal Reserve to contain trouble in the
credit markets, while merger-and-acquisition talk lifted shares of
E-Trade and Nymex Holdings.
MGM Mirage shares jump on Dubai World deal
CHICAGO
Shares of MGM Mirage were on the rise Wednesday after the casino company
said it had inked a $5 billion deal in which Dubai World will ultimately
acquire a 9.5% stake in MGM and partial ownership of a massive
real-estate project.
Weekly mortgage loan applications off 5.5%, MBA data show
CHICAGO
Filings of applications seeking mortgage loans dropped a 5.5% last week
compared to the prior week as interest rates increased, the Mortgage
Bankers Association said Wednesday.
posted by John @ 8/22/2007 12:33:00 PM
0 comments
Date: Wed, 22 Aug 2007 03:40:46 -0500
A helicopter crashed in northern Iraq on Wednesday, killing all 14 U.S.
soldiers aboard, the military said. The military said initial
indications showed the aircraft experienced a mechanical fire and the
crash was not the result of hostile fire.
posted by John @ 8/22/2007 08:41:00 AM
0 comments
Date: Tue, 21 Aug 2007
| Dow : 13090.86 down 30.49
| S & P : 1447.12 up 1.57
|
| NASDAQ: 2521.30 up 12.71
| Bond (10Y): 4.59%, 101.22
MARKETS:
Nasdaq gains, Dow wanes
Investors take comfort in meeting among Fed's Bernanke, Sen. Dodd and
Treasury Secretary Paulson, but remain worried about credit, mortgage
markets; oil prices dip.
posted by John @ 8/21/2007 06:34:00 PM
0 comments
Date: Tue, 21 Aug 2007 16:04:46 -0400
Stocks close mixed as investors weigh comments from Dodd after meeting
with Bernanke and Paulson; lower oil prices.
posted by John @ 8/21/2007 04:06:00 PM
0 comments
11:46 am ET Aug 21, 2007
DJIA
13,151
+30.40
S&P
1,451
+6.03
NASDAQ
2,519
+11.04
10Yr
4.60%
-0.038
U.S. stocks gain as senator reassures investors
NEW YORK
U.S. stocks turned up again Tuesday after Sen. Chris Dodd, D-Conn.,
offered reassurances that Federal Reserve Chairman Ben Bernanke is ready
to move to address the credit crunch roiling the financial markets.
Bond Report: Short-term Treasury bills rally, putting Fed to the test
NEW YORK
A rally in short Treasury bills Monday, which sent their yields sharply
lower, raised questions about the effectiveness of the Federal Reserve's
move to boost liquidity by cutting its discount rate on Friday.
The Fed: Fed may have to cut federal funds rate, economists say
WASHINGTON
U.S. credit markets remained extremely fragile Monday, and observers
said the Federal Reserve may have to lower its federal funds target rate
to inject permanent liquidity into the market and provide investors with
more assurances that the central bank will act to keep the economy
growing.
Target Corp. delivers quarterly profit growth of nearly 13%
CHICAGO
Target Corp.'s second-quarter profit came in 12.6% higher than last year
as the discount giant chalked up better gross margins and generated a
bigger contribution from its credit-card division, financial results
showed Tuesday.
Capital One shuts wholesale mortgage unit, cutting 1900 jobs
SAN FRANCISCO
Capital One Financial said late Monday that it is closing its wholesale
mortgage business and cutting 1,900 jobs as the credit card giant loses
confidence in the profitability of originating home loans, then selling
them in secondary markets.
posted by John @ 8/21/2007 12:36:00 PM
0 comments
Date: 21 Aug 2007 16:20:23 -0000
posted by John @ 8/21/2007 12:27:00 PM
0 comments
Date: Tue, 21 Aug 2007 09:31:46 -0400
Stocks open lower, Treasury bonds rally in early trading as investors
again look for safety.
posted by John @ 8/21/2007 11:07:00 AM
0 comments
Date: Mon, 20 Aug 2007 16:38:45 -0400
Capital One bank closes wholesale mortgage unit, cuts 1900 jobs, takes
$100 million charge.
posted by John @ 8/20/2007 06:27:00 PM
0 comments
| Monday, 8/20/2007 |
| Dow : 13121.35 up 42.27
| S & P : 1445.55 down 0.39
| NASDAQ: 2508.59 up 3.56
| Bond (10Y): 4.63%, 100.94
MARKETS:
Dow manages comeback
Blue-chip barometer leads turnaround effort as major gauges recover from
earlier selloff.
posted by John @ 8/20/2007 06:18:00 PM
0 comments
11:46 am ET Aug 20, 2007
DJIA
13,078
-0.57
S&P
1,443
-2.88
NASDAQ
2,507
+2.09
10Yr
4.64%
-0.030
U.S. stocks mixed as market reflects on Fed, Thornburg
NEW YORK
U.S. stocks struggled to hold gains Monday as investors weighed relief
over indications the Federal Reserve might lower interest rates further
against another report of trouble in the subprime mortgage market.
Hurricane Dean seen sparing Gulf of Mexico oil infrastructure
LONDON
Crude-oil prices dropped more than 1% on Monday as weather reports
indicated that Hurricane Dean would not hit major Gulf of Mexico
energy-production infrastructure.
Nasdaq puts entire stake in the LSE up for sale
LONDON
The Nasdaq Stock Market has put its entire stake in the London Stock
Exchange on the block, saying Monday that the market isn't correctly
valuing its holdings of the U.K. bourse it had previously tried to buy.
Lowe's profit up but forecast is tempered
CHICAGO
Lowe's Cos. turned in better-than-expected second-quarter results Monday
in the face of a deteriorating housing industry.
posted by John @ 8/20/2007 12:48:00 PM
0 comments
Date: Mon, 20 Aug 2007 09:32:45 -0400
Stocks open with small gains as investors take wait-and-see attitude
after Friday's big Fed-inspired rally.
posted by John @ 8/20/2007 10:29:00 AM
0 comments
Date: Mon, 20 Aug 2007
Virginia Tech dedicates victims' memorial
---------------------------------------------
A set of 32 small stones that became a focal point for the grieving
Virginia
Tech campus following April's shooting spree were replaced with much
larger
rocks in a solemn ceremony on Sunday.
Mine official: 'Likely miners may not be found'
---------------------------------------------
Officials extinguished nearly all hope of finding any of the six miners
alive
on Sunday, nearly two weeks after the men were trapped in a violent
collapse
deep with a mine.
Clinton takes on rivals, Rove in debate
---------------------------------------------
Sen. Hillary Rodham Clinton faced questions about her ability to
reverse
dissatisfaction with the federal government.
MONEY
Global markets leap higher after Fed's move
---------------------------------------------
Asian stocks looked set to post their best daily gain in nine years on
Monday
after the Federal Reserve slashed a key U.S. bank lending rate.
posted by John @ 8/20/2007 10:28:00 AM
0 comments
